NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Friday:

The stock of truck maker Cummins (CMI) has gotten ahead of itself and needs to come in, while oil giant Chevron (CVX) , a stock Cramer owns for his charitable trust, Action Alerts PLUS, has been a wild trader of late. CMI shares ended Friday down 1.7% but CVX rose 1.4%.

Cramer thinks shares of Procter & Gamble (PG) , another Action Alerts PLUS holding, would be headed higher if only the company split itself up, but he is a fan of Anheuser-Busch Inbev (BUD) , an inexpensive stock he said "is working." PG ended the day flat but BUD was up 1.4%.

Rounding out the group, Cramer said many investors are piling into generic drug maker Perrigo (PRGO) because of the current flu season, but he cautioned the flu is only a one-time event. He was bullish on Dendreon (DNDN) . Investors sent PRGO 5.8% lower Friday but pushed DNDN 21.1% higher at the close.

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